MIRAMAR, FLA. — General Services Administration (GSA) has acquired a 20-acre land parcel along the Interest 75 corridor in Miramar for $13.5 million. GSA plans to construct a 475,000-square-foot federal office complex on the property. The 20-acre site was part of a 40-acre land parcel owned by Rockefeller Group Development Corp.
GREENVILLE, S.C. — Locally owned HTI Properties has purchased a multi-tenant office building in downtown Greenville. Located at 105 N. Spring St., the 30,000-square-foot property will be renovated and partially occupied by HTI Properties. Jimmy Wright and David Feild of NAI Earle Furman represented the buyer; the seller was not undisclosed. Feild and Tyson Smoak, also of NAI Earle Furman, were retained to lease the remaining space. Terms of the transaction were not disclosed.
NEW ORLEANS, LA. — Walker & Dunlop has arranged a $49.5 million acquisition loan secured by the Pan-American Life Building in New Orleans. Wells Fargo provided the 10-year loan, which has a 30-year amortization schedule. The 673,578-square-foot office building is 90 percent occupied by tenants, including Pan-American Life Insurance Group, Lemle & Kelleher LLP, Tidewater Marine LLC, Christovich and Kearney LLC and McGlinchey Stafford. Andrew Coleman and Stephen Farnsworth of Walker & Dunlop originated the loan for the borrower, Stirling Properties.
KNOXVILLE, TENN. — New Jersey-based C.J. Lombardo Company has purchased Washington Ridge in Knoxville. The owners plan to renamed the 19-acre, 248-unit property Spring Meadow. Steve Goldman and John Dempster of NAI Knoxville represented the buyer. The seller was not disclosed.
HAGERSTOWN, MD. — Denver-based Industrial Income Trust has purchased an 824,298-square-foot Class A warehouse and distribution facility in Hagerstown. Located at 16500 Hunters Green Parkway, the property is 100 percent occupied by The Home Depot. Built in 2000, the property features 42-foot ceiling heights and docks on all four sides of the facility. Boston-based New Boston Fund sold the property for an undisclosed price. Bo Cashman, Jonathan Beard, Michael Hines and Michael Blunt of CB Richard Ellis represented the seller in the transaction.
SNELLVILLE, GA. — The Lightstone Value Plus REIT has acquired Everson Pointe Shopping Center in Snellville. Anchored by Kroger, the 81,428-square-foot retail center is located at 3035 Centerville Highway. State Bank and Trust of Georgia provided long-term, non-recourse acquisition financing for the transaction. Richard Reid and Mike Cale of Holliday Fenoglio Fowler brokered the transaction. The seller and acquisition price were not released.
LITHIA SPRINGS, GA. — KTR Capital Partners has acquired two warehouse facilities in Lithia Springs. Located with the Westford Business Park at 1500 and 1575 Distribution Court, the facilities, which total 321,400 square feet, feature 24- and 26-foot clear ceiling heights, 44 exterior docks and three ramp-in doors. KTR plans to upgrade and reposition the properties. Terms of the acquisition were not released.
FT. LAUDERDALE, FLA. — Grandbridge Real Estate Capital has closed on a $34.56 million loan, which is secured by The Falls at Marina Bay in Ft. Lauderdale. David Gahagan of Grandbridge originated the loan, which was a refinance of an existing HUD-insured loan under Section 221(d)(4) pursuant to Section 223(a)(7). The 376-unit multifamily features a clubhouse with a gymnasium, racquetball courts, a movie theatre, coffee/tea service, billiards, a sauna and a spa, a resort-style pool, a fitness trail, tennis courts, a waterfront restaurant and marina/waterfront views.
JAMES CITY COUNTY, VA. — Federal Capital Partners (FCP) and Westmoreland Partners (WML) have acquired Settler's Market, a multi-use development at the intersection of State Route 199 and Monticello Avenue in James City County. The $13.25 million acquisition from a bank's REO portfolio was made by FCP and WML. Settler's Market has an approved site plan for 349,890 square feet of retail and commercial space and 204 residential units. At the time of closing, 47,826 square feet of retail space was already developed and is occupied by tenants, including Trader Joe's, BB&T and Baker's Crust.
CHARLOTTE, N.C. — Duke Realty Corp. has acquired Morehead Medical Plaza I on the Carolina Medical Center campus in Charlotte. The 190,773-square-foot medical office building is directly connected to Carolinas Medical Center's 874-bed inpatient care tower via an enclosed walkway. The property is 100 percent leased to Carolinas Medical Center. Terms of the transaction were not disclosed.